Ethereum Market Pulse (Current Price: 2575)

$ETH today strongly broke out from the low of 2490, currently priced at 2575, an increase of about 1.6% from the previous value (2535), showing rebound vitality! The candlestick pattern resembles a 'phoenix rebirth,' with bulls and bears clashing between 2585 and 2490, indicating the market is building momentum, and the next wave may either challenge new highs or pull back again!

Upward resistance: 2585 (recent high).

Downward support: 2490 (today's low).

Four hours: climbed from 2490 to 2575, with an increase in volume, indicating clear signs of capital inflow.

One hour: fierce battle between bulls and bears near 2575, a breakthrough above 2585 or a drop back to 2490 will clarify the direction.

Today's rebound in ETH may be driven by optimistic sentiment in the Asian market in the morning session, with increased on-chain activity possibly linked to institutional buying. The news regarding the Iran-Israel conflict has slightly eased, with rumors of ceasefire negotiations emerging, leading to a global risk appetite recovery, but there remains uncertainty in the market before the US stock market opens. If the situation stabilizes alongside favorable ETF news, ETH may challenge 2600-2700; however, if the news reverses, 2500 may be tested again.

A breakthrough above 2585 could head straight for 2600; if it drops back to 2490, it may test 2450! Geopolitical factors and capital flow will determine the outcome! In the short term, it will be a game between 2490-2585.